The S&P fell 1.5% Monday as ratings agencies expressed skepticism about the effectiveness of the new European pact agreed to in principle last week. The new fiscal requirements are not viewed as a game-changer by Fitch,...
Read MoreI came in with a bunch of longs this morning, tried to trade around them but got stopped out within the first half hour. I’m back to actively trading, no more overnight risk until I see more clarity. SPY support levels to...
Read MoreUS stock futures point to a lower open on Wall Street Monday as enthusiasm over a new European treaty faded. Risk appetite fell over the weekend following a strong Friday in which stocks surged almost 2% to erase the prior...
Read MoreMajor US indices erased yesterday’s losses, showing impressive resilience after the majority of Eurozone countries agreed on the framework for tight fiscal requirements for membership. It was a crazy week, but once again...
Read MoreI have been coaching, mentoring and managing traders for over ten years now and the number one difference between those that earn a consistent living and those that find trading to be a never ending challenge is how losing...
Read MoreUS stock futures point to a higher open on Wall Street, although they have retreated from pre-market highs. Yesterday, initial comments out of the European Summit disappointed investors and sent the market tumbling. Overnight,...
Read MoreThe S&P dropped more than 2% Thursday and the Dow slipped back under 12,000 after the European Central Bank disappointed quieted talk that it planned further debt purchases and admitted that European banks would need to...
Read MoreMarkets are making me feel like a fickle politician. (opinions keep changing way to quick) We did a push through failure premarket– Pushed through 127.20-127.40 and then failed miserably! (This is a caution signal for...
Read MoreUS stock futures are now turning higher this morning after the European Central Bank cut its key interest rate by a quarter percentage to 1% in an effort to boost the economy. Futures extended gains after the 8:30 jobless claims...
Read MoreThe S&P finished in green territory again Wednesday thanks to a lightning-fast late-day rally. The market shrugged at another warning from Standard & Poors that a downgrade of the European Union and European banks was...
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